Austerity is the rallying cry for an utterly catastrophic collection of Free Market dogmas! But it also acts as the slow poison to what remains of the Welfare State. The collapse of 2008 and the ensuing triumph of the 1% and the immiseration of the 99%, has produced Mr. Corbyn: in sum, ‘The Rebellion Against the Elites’ as it was named by the FT.

The rise of Corbyn and his re-invigoration of Labour is the political inevitability that now faces the Thatcherites, and its twin deities The Iron Lady, Hayek heavily inflected by the poison of Oakeshottian contempt, for the political ambitions of a lower order of beings: the Labour Party under Corbyn!